Renewable Energy and Business: The Case of Solarcity Essay

602 Words 3 Pages
Renewable energy and business
Renewable energy and business are closely related. There are many countries in the world producing electricity from renewable energy sources and using it in the intermediary way. This intermediary chain is private business. Everyone knows the fact that business works better when it belongs to private sector and not to the government. In this section, we focus on renewable energy and business. We analyze several renewable energy companies and research how business can influence the renewable energy market.
SolarCity is an American provider of energy services to homeowners, businesses, and government/non-profit organizations. Moreover, this company has very an interesting and dignified mission. SolarCity’s solar financing program provides homeowners a way to use solar power for less money than they currently pay for electricity. For example, you can install solar panels on your house roof, and SolarCity will cover part of your utility bills. This business model really works. According to Wile (2014), “The firm said they'd installed 280 megawatts of solar power last year, the equivalent of up to 70,000 homes.” Furthermore, SolarCity takes 10th place in the list of The World's 50 Most Innovative Companies. Unfortunately, this company operates only in the U.S. The reason for this is that the USA government offers good conditions for the renewable energy business sector. Elon Musk, Chairman of SolarCity, believes that this company can change…

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